Safeway Open Betting Odds Fantasy Picks

This week is the 2019 Safeway Open and its a surprisingly deep (but still shallow) field for this early in the season. They are playing at a resort course (Silverado) and it should be fun for fans. Here are the favorites:

Bodog Odds
Justin Thomas 7.50
Patrick Cantlay 11.00
Adam Scott 15.00
Hideki Matsuyama 17.00
Bryson DeChambeau 21.00

Marc Leishman is in the field even though his health is questionable. Ryan Moore was second at this tournament last year, but we’re playing at a different course this year, so I think he is overpriced. In terms of the most overpriced players for fantasy, its probably Francesco Molinari who is riding his high world rank from previous seasons.

I posted a fixed odds four player score to par match on CoinRoster. Click Here. Looking forward to seeing some action.

Click here for some commentary from DraftKings

Buy Bitcoin on Mogo.ca

This post describes how to buy bitcoin using mogo.ca, a Canadian fintech app that let’s users do a variety of things including get a personal loan, mortgage, credit card, and monitor their credit score.

Its pretty difficult for the average Canadian without much background in finance to purchase bitcoins. There are a few services available (CoinBerry, Shakepay, BullBitcoin) but they have bugs and don’t work very well. Especially if Canadians want to buy larger amounts, they are practically restricted to finding someone who will do a trade with them personally.

So I was hopeful when I tried buying bitcoins on mogo.ca. I thought as a publicly traded company, they would comply with Canadian laws and make the process easier. Indeed the process was easy and their app worked the best I’ve ever tried. Signing up was as simple as choosing an e-mail/password and verifying my e-mail address. I was required to tell Mogo my actual address, and then I was able to make a deposit using Interac e-transfer. It seems like Mogo is using the Interac API because my deposit was credited to my account as soon as they received it.

Mogo Bonus for Deposit

Buying bitcoins was pretty easy too. I received a bonus of $5 when I signed up, and after my deposit was received, I navigated to a simple calculator where I could say how much I want to buy. Mogo quoted me a price which was in-line with other sites, and they charged a 1% fee. I made a trade worth $100, So far so good.

Buy Bitcoins but No Withdraw?

After I purchased my bitcoins, I looked for a way to transfer them off the site. But whoops, Mogo users can’t do that!?! The reality is Mogo users don’t really own any bitcoins at all. They can only view the notional value of bitcoins, and can only convert them back to Canadian dollars to make a withdrawal. Since Mogo users can’t actually withdrawal their bitcoins, they don’t really have any bitcoins at all, and worst of all, they can’t actually do anything with their bitcoins (spend them, use them in any way). So I’d say Mogo is probably fine for anyone who wants to buy a small amount of bitcoins just to say they have them, but otherwise I’d recommend bitcoin enthusiasts stay away from Mogo. There is no practical purpose to using Mogo to buy bitcoins.

Try Shakepay or Coinberry Instead

I’ve written a few other posts for two other sites where Canadians can buy bitcoins, check out Shakepay and Coinberry.

Trade CLAM/BTC with FreeBitcoins.com/SWAP

This post describes my experience using FreeBitcoins.com/SWAP.

As Poloniex struggles to process CLAM coin deposits & withdrawals, I’ve been searching for alternatives. I’ve been making a CLAM/BTC market for the past few weeks at FreiExchange, and volume is picking up. If you want to buy & CLAMs & Bitcoins, I’ll post more orders as trades keep taking place.

In the meantime, I tried using the swap tool at FreeBitcoins.com. This service is similar to other mixers like ShapeShift and Changelly. The biggest benefit to FreeBitcoins.com is they also deal with CLAM coins. Users can send CLAMs or Bitcoins and receive the opposite pair in exchange. The rate charged for this transaction is related to the current market at Poloniex, plus a small fee. I like how FreeBitcoins.com is explicit about how much they charge.

To make a trade using the swap tool at FreeBitcoins, a user enters a receiving address (the address where they want to receive their funds). If the user is sending CLAMs and receiving Bitcoins, they should enter a bitcoin address and visa versa if they are sending Bitcoins and receiving CLAMs, just like ShapeShift and Changelly. The main difference with FreeBitcoins/swap is users don’t need to specify the amount they are sending. The system will recognize how much is received. Users just need to make sure they send an amount under the limit displayed on the site.

To complete my own transaction, I sent CLAM coins from my Just-Dice account, and it was received by FreeBitcoins/swap almost instantly after the transaction showed up on the CLAM blockchain. A message was then displayed notifying me of my trade details such as the price I received, the blockchain fee, and the fee the site charged me for the transaction.  Once the CLAM blockchain processed my transaction, my bitcoins were sent to my receiving address.  In my case, there were no delays and the whole process happened seamlessly.

What about the price I received?  The market quoted at FreeBitcoins.com/swap is pretty wide. Since there is pretty thin liquidity for CLAM coins, this is understandable. At the time of my transaction, here were the comparable prices:

Poloniex 5.98 5.99
Freiexchange 4.30 5.37
FreeBitcoins 5.18 6.24

As you can see, FreeBitcoins had the widest spreads compared to the market I’m posting at FreiExchange and Poloniex. FreeBitcoins markets up/down the Poloniex price to determine their own price.

Another risk for users considering FreeBitcoins should take into consideration is downtime of this service. As I’m writing this post, the site is not accepting CLAM to BTC trades, presumably because their own inventory has run out?

If you have any suggestions for me, please comment this post. I’d love to hear what other CLAM coin users are doing to keep a path from crypto to fiat (back and forth) alive.

HISA Rates Update (2019/09/06)

Interest rates in US dollars are falling again. I have created a USD HISA Rates page that tracks the High Interest Savings rates available to Canadians through their brokerage accounts.

Canadian dollar HISA rates are holding steady for the most part. The major issuers (RBC, TD) have kept their rates at 1.60% for the past few months as the Bank of Canada has held rates constant. But there have been a few issuers on my list who have dropped their rates. The major standout is Scotia whose Hollis HISA now pays only 1.10% for Canadian dollars and 0.95% for US dollars.

B2B Bank (Laurentian Bank) also has their HISA rate at 1.45% and Manulife now has their own HISA at only 1.50%.

Click here to view the latest HISA rates.

Poloniex Lending Pool Loss Update

Poloniex recently provided users affected by the lending pool loss with an update. Poloniex is committing to re-reimburse users by refunding their trading fees. Poloniex claims they will reimburse the trading fees of users until those users are made 100% whole by the lending pool loss. When this “solution” was first announced, I figured it was a pretty crappy solution for users like myself who don’t do much trading. So now Poloniex is saying they will also reimburse lending fees. This seems to make more sense since users

Overall, the way Circle Financial handled the whole lending pool loss incident left me with a lot less confidence and decreased my level of trust in them. Compared to Bitfinex, which has also suffered a number of similar losses. I think the leadership of Poloniex could have been more creative in the way they compensated users. But maybe their hands were tied by being located in the US and partially regulated. When Circle first purchased Poloniex and introduced products like USDC trading, I thought this would be a positive development for users. But now I think Poloniex being partially regulated in the US restricts their ability to adjust to developments in crypto markets.

Trade CLAM coins on FreiExchange

I recently started making a market for CLAM coins on FreiExchange, and the experience has been good so far. There are no trading fees on FreiExchange, because the exchange makes money on withdrawal fees instead. And since deposits/withdrawals for CLAM coins have been suspended on Poloniex, I’ve been looking for other venues to trade CLAMs.

I will keep moving my CLAM coin mining rewards to FreiExchange and offer them for sale. If anyone buys CLAM coins from me on FreiExchange, I will take those bitcoins and place them as bids on the other side of the market. Hopefully, this will help bring a little bit of liquidity to FreiExchange.

Feel free to comment on this post if you want me to make a specific market, I’ll be happy to post larger sizes by request.

 

freiexchange.com review

As an investor in CLAM coins, I’ve been a bit nervous since Poloniex has restricted deposits/withdrawals of CLAMs over the past few weeks. I’m uncertain whether Poloniex will once again accept CLAM coin payments, so until then I poked around to see if any other exchanges exist where CLAM coin users can trade CLAMs for other currencies.

FreeBitcoins.com is a mixer that provides instant anonymous exchanges of the CLAM/BTC pair.

Although Poloniex trades by far the most CLAM/BTC volume, another exchange for CLAM/BTC exists called FreiExchange.com.

FreiExchange is a cryptocurrency exchange offering basic trading features. FreiExchange offers trading in a variety of obscure ALT coins including their namesake Freicons. Trading volume on FreiExchange is low, with less than 1 BTC traded in the past 24 hours. FreiExchange also offers a basic API with a basic public endpoint to receive up to date bid/ask data on any pair listed on the exchange. The API does not allow users to make trades or other transactions.

I decided to deposit a few hundred CLAM coins on FreiExchange to test out them out. The deposit functionality is very basic but easy to use. Users have to register a user account, login, then navigate to the Wallets page. On the Wallets page, users will see all the listed pairs with the user’s balances, and buttons representing Deposits, Withdraw, Transactions, and Trades. To deposit CLAM coins, I simply clicked on the Deposit link to reveal a unique deposit address. I sent CLAM coins to my deposit address and they arrived promptly and credited to my account.

Once the CLAMs had cleared the CLAM coin blockchain and were credited to my FreiExchange account, I offered them for sale. To do this, I navigated to the CLAM/BTC pair market and entered limit orders for what I wanted to sell.

I will keep depositing and offering CLAMs for sale on FreiExchange over the next few weeks. Please trade with me, I would love to develop another market for CLAM/BTC trades.

CoinBerry Review

Coinberry is a Canadian based site that provides a way to buy and sell bitcoins and other crypto-currencies. To signup, you’ll need to disclose some basic information about yourself including an e-mail address, name, and confirm your phone number. Once you’ve registered, Coinberry gives users the ability to buy & sell a variety of crpytos including Bitcoin, Bitcoin Cash, Ether, Litecoin, and XRP. Prices in Coinberry are similar to other Canadian based sites including Bylls and Coinsquare.

Users can fund their Coinberry account with Canadian dollars using Interac eTransfer, Wire transfer and Credit Card. In order to fund your Coinberry account with a credit card, you must verify your account further by linking a Canadian bank account. To do this, once logged into your account, navigate to the drop down menu labelled with your name in the top right corner of any page. Then choose “Settings”, then choose the button labelled “link your bank account”. This will take you to a menu where you must choose which bank to link. Banks you can choose from include TD, RBC, BMO, Scotia, CIBC, National Bank, Desjardins, Tangerine, Vancity, ATB, Simplii, Meridian, Laurentian, Coast Capital, HSBC, and EQ Bank.

I tried verifying my account by linking my bank account, but was unsuccessful. It wasn’t obvious what the problem might be. I got to the point where the Coinberry page was telling me “finalizing…” after I confirmed my identity with a text code, but then it seemed like the verification page where I linked my bank account simply hung up (or timed out?).

If you have a different experience, please comment this post so I might be able to share a more useful experience with other readers.